India's Adani to invest US$100 billion in AI-ready data centres by 2035
A logo of the Adani Group is seen on a commercial complex in Mumbai, India on Feb 7, 2023. (File photo: Reuters/Francis Mascarenhas)
Adani Enterprises said on Tuesday (Feb 17) that the group will invest US$100 billion to build renewable energy-powered AI-ready data centres by 2035, as it seeks to create the world's largest integrated data centre platform and establish India as a leader in the global artificial intelligence race.
The investment is expected to spur an additional US$150 billion in spending over the next decade across several related industries, including sovereign cloud platforms and server manufacturing, the company said.
Adani's investment will create a US$250 billion AI infrastructure ecosystem in India over the decade, it added.
"At Adani, we are building on our foundation in data centres and green energy to expand into the complete five-layer AI stack focused on India's technological sovereignty," Gautam Adani, chairman of the Adani Group, said in a statement.
In October, Google said it would invest US$15 billion over five years to set up an AI data centre in the southern state of Andhra Pradesh, its biggest investment in India.
The Google project could mean an investment of up to US$5 billion for Adani Connex - a joint venture between Adani Enterprises and private data centre operator EdgeConneX.
The conglomerate is also in discussions with other major players to establish large-scale campuses across India, it said, without disclosing further details.
Shares of Adani Enterprises were up 2.4 per cent on Tuesday. The stock was among the top gainers on the benchmark Nifty 50 index.
